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Pricing

2022
Exports $107kWorld Rnk 35 / 67
Flag Rnk 3822 / 4439
2022
Destination $9.21kN/A
2021 - 2022
FASTEST GROWING MARKET $9.21kVietnam
2022
Imports $465kWorld Rnk 30 / 123
Flag Rnk 4021 / 4519
2022
Origin $73.8k China
2021 - 2022
FASTEST GROWING ORIGIN $73.8kChina
2022
ECONOMIC COMPLEXITY of South Korea1.78Rnk 4 / 133

About

The fastest growing export markets for Natural magnesium carbonate (magnesite) of South Korea between 2021 and 2022 were Vietnam ($9.21k), Indonesia ($5.43k), and United Arab Emirates ($900).

Imports In 2022, South Korea imported $465k in Natural magnesium carbonate (magnesite), becoming the 30th largest importer of Natural magnesium carbonate (magnesite) in the world. At the same year, Natural magnesium carbonate (magnesite) was the 4021st most imported product in South Korea. South Korea imports Natural magnesium carbonate (magnesite) primarily from: China ($427k), Italy ($15.5k), Japan ($12.4k), Spain ($5.55k), and Hong Kong ($1.99k).

The fastest growing import markets in Natural magnesium carbonate (magnesite) for South Korea between 2021 and 2022 were China ($73.8k), Italy ($15.5k), and Japan ($12.4k).

COMPANIES In 2023, leading companies such as LG Electronics (46.9k), Samsung (20.7k), and Hankook Tires (4.38k) were at the forefront of shipping Natural magnesium carbonate (magnesite) from South Korea to the United States.

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Natural magnesium carbonate (magnesite). Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$107k
IMPORTS (2022)$465k
NET TRADE (2022)-$359k

In 2022, South Korea imported $465k in Natural magnesium carbonate (magnesite), mainly from China ($427k), Italy ($15.5k), Japan ($12.4k), Spain ($5.55k), and Hong Kong ($1.99k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural magnesium carbonate (magnesite) EXPORT MARKETS FOR South Korea WERE (2021 - 2022):
Vietnam$9.21k (1%)
Indonesia$5.43k (92.4%)
United Arab Emirates$900 (6.73%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural magnesium carbonate (magnesite) BY South Korea WERE (2021 - 2022):
Malaysia-$64.2k (-47.1%)
Philippines-$2.86k (-100%)
China-$1.44k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, South Korea's main exporting competitors in Natural magnesium carbonate (magnesite) were:
China $76.4M
Spain $17.4M
Turkey $6M
In 2022, South Korea's main importing competitors in Natural magnesium carbonate (magnesite) were:
Indonesia $52.6M
Japan $14.7M
France $7.13M

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Trade Value of Natural magnesium carbonate (magnesite) by Exporters

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